The free trade area (FTA) between Ukraine and Israel will take effect on January 1, 2021, Ukrainian President Volodymyr Zelensky has said.

"This is a new level of relations between the countries and the 'green light' to the growth of Ukraine's exports, closer cooperation in the fields of high-tech, engineering, investment. Great news, Benjamin Netanyahu [Prime Minister of Israel]," he wrote on his Twitter on Tuesday.